Stanley G. Chapman Iii Sells 267,435 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total transaction of C$17,785,898.39.

TC Energy Price Performance

TRP stock opened at C$66.11 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The firm has a market cap of C$68.75 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.69 and a beta of 0.82. The company’s fifty day simple moving average is C$66.24 and its 200 day simple moving average is C$60.42. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. On average, analysts expect that TC Energy Co. will post 3.5490515 earnings per share for the current year.

TC Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.113 per share. This is an increase from TC Energy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.45 annualized dividend and a dividend yield of 6.73%. TC Energy’s dividend payout ratio (DPR) is 116.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRP. JPMorgan Chase & Co. increased their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Scotiabank raised their price objective on TC Energy from C$74.00 to C$75.00 in a report on Wednesday, November 20th. Veritas raised TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Raymond James raised TC Energy to a “hold” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$69.77.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.